Wheeler Real Estate Investment Trust Inc (whlr) Announces $0.02 Dividend

Wheeler Real Estate Investment Trust Inc (NASDAQ:whlr) announced a dividend on Monday, March 20th. Shareholders of record on Friday, March 31st will be given a dividend of 0.018 per share on Friday, April 28th. The ex-dividend date is Wednesday, March 29th.

Shares of Wheeler Real Estate Investment Trust (NASDAQ:WHLR) opened at 1.72 on Tuesday. The firm’s market cap is $117.26 million. The firm’s 50-day moving average is $1.72 and its 200-day moving average is $1.70. Wheeler Real Estate Investment Trust has a 12-month low of $1.10 and a 12-month high of $1.95. Wheeler Real Estate Investment Trust’s stock is scheduled to reverse split on the morning of Monday, April 3rd. The 1-8 reverse split was announced on Monday, February 27th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 31st.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its quarterly earnings data on Monday, February 27th. The company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.03. Wheeler Real Estate Investment Trust had a negative net margin of 23.24% and a negative return on equity of 15.48%. Equities analysts expect that Wheeler Real Estate Investment Trust will post ($0.12) earnings per share for the current fiscal year.

Dividend History for Wheeler Real Estate Investment Trust (NASDAQ:whlr)

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A number of research analysts have recently commented on the stock. JMP Securities raised shares of Wheeler Real Estate Investment Trust from a “market perform” rating to an “outperform” rating and set a $2.50 price objective for the company in a research note on Monday, January 9th. Maxim Group reaffirmed a “buy” rating and set a $2.25 price objective (up previously from $2.00) on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday, March 1st. Wunderlich began coverage on shares of Wheeler Real Estate Investment Trust in a research report on Friday, January 27th. They set a “buy” rating and a $2.25 target price for the company. They noted that the move was a valuation call. Finally, TheStreet raised shares of Wheeler Real Estate Investment Trust from a “d+” rating to a “c-” rating in a research report on Tuesday, February 14th.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a self-managed commercial real estate investment company. The Company was formed for acquiring, financing, developing, leasing, owning and managing strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties.

5 Day Chart for NASDAQ:WHLR

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